Exercise 18.4(Algo) Production Cost Report (LO18-6) Lamberton Industries uses process costing. All of...

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Accounting

Exercise 18.4(Algo) Production Cost Report (LO18-6)
Lamberton Industries uses process costing. All of the company's manufacturing activities take place in a single processing department. The following information was available for the month of July:
```
Direct materials $ 101,000
Direct labor 36,000
Manufacturing overhead applied
Total costs to account for in July
51,000
```
Partially completed units in July's beginning and ending work in process inventories were considered immaterial and were assigned no dollar value. During July, 50,000 units were completed, of which 45,000 were sold on account at \(\$ 16\) per unit.
Required:
Complete a production cost report for Lamberton Industries for the month of July.
Note: Do not round intermediate calculations.
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